JasmyCoin Surges 12% as Bullish Momentum Builds

JasmyCoin (JASMY), often referred to as “Japan’s Bitcoin,” has experienced a significant surge, rising 12% in the past 24 hours. This increase was accompanied by a 64% spike in trading volume, pushing JASMY to a daily high of $0.0153 before settling around $0.01469. This movement comes as the Jasmy team continues to deliver on its 2025 roadmap through new partnerships and real-world use cases in secure computing and carbon credit tracking.

Technical indicators such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Balance of Power (BoP) suggest rising bullish momentum. The RSI sits at 62.24, indicating that JASMY is bullish but not overbought, suggesting further room for growth. The MACD has completed a bullish crossover, with the histogram flipping positive, which is often an important precursor to a sustained upward move. Additionally, the BoP has shifted into positive territory, reinforcing the notion that bulls are regaining control after months of sideways movement and distribution.

Jasmy has now pushed through the mid-line of the Bollinger Bands, heading toward the upper band, a sign of expanding volatility and bullish pressure. The bands had been tightening in previous weeks, signaling a phase of low volatility, which often precedes a sharp breakout. A clear close above $0.015 could open the door for a retest of higher Fibonacci levels. Currently, JASMY is holding above the 0.236 Fib level at $0.01326 and is targeting the 0.382 and 0.5 zones next. If it can clear the 0.618 level at $0.01896 decisively, price discovery toward $0.02336 and even $0.03048 could come into play.

However, if the price fails to hold above the $0.0128 support level, the risk of a retracement toward $0.0112 or lower becomes a serious possibility. The broadening wedge pattern, characterized by diverging trendlines and widening price swings, has been in place since the beginning of the year. The lower boundary of this wedge has acted as a reliable support, while the upper boundary has capped recoveries. A confirmed breakout above the upper trendline could signal a trend reversal.

Key price targets in the event of a breakout include $0.0155, $0.0200, $0.0280, and $0.0400. These levels align with past volume peaks and price congestion zones, making them realistic points for traders to take profit or reassess momentum. The volume profile indicates thinner volume above $0.015, suggesting that a clean breakout could result in a rapid upward move due to reduced selling pressure at higher levels.

The RSI on the daily chart shows higher lows since early June, which can signal growing bullish momentum. This divergence between price action and RSI often hints at an upcoming breakout. For JASMY to break free from its long-term downtrend, a strong move above $0.015 is necessary. This level is not only a resistance from the wedge but also a former support that has turned into a ceiling in recent months. Once this barrier is broken, bullish sentiment could quickly accelerate. The main confirmation would be a daily candle closing well above the descending trendline, ideally with a spike in volume. From there, JASMY price could rise toward $0.020 and beyond, especially if broader market sentiment remains supportive.

JASMY is currently in a critical position. The broadening wedge has created a pattern of lower highs and lower lows, but the consolidation near the support zone hints at strength. With momentum slowly shifting and volume building, traders are closely watching for a breakout signal. Key levels to watch include support at $0.01, and resistance zones at $0.0155, $0.0200, $0.0280, and $0.0400. A breakout above the wedge would not only end months of downtrend pressure but could also open the door to a potential multi-stage rally.